The Board of Directors of Royal Caribbean Cruises today declared a quarterly dividend of $0.48 per common share payable on October 13, 2016, to shareholders of record at the close of business on September 29, 2016. 

"This move reflects the company's continuing efforts to increase shareholder returns," said a prepared statement.

The previous dividend was a quarterly dividend of $0.375 per common share payable on June 13, 2016, to shareholders of record at the close of business on May 31, 2016.